幽ゆう霊れい株かぶ

noun

watered stock; bogus shares

Financial term for shares issued without real capital backing, often in fraudulent or inflated schemes. The word literally means 'ghost shares'.

• その会かい社しゃは幽ゆう霊れい株かぶを発はっ行こうして資し金きんを集あつめていたことが発はっ覚かくした。

  It was discovered that the company had been issuing watered stock to raise funds.